Managers of Wealth Americas

Richard Abramson, AllianceBernstein Veteran, Dies at 70

The cause was multiple myeloma, a type of cancer.

Morgan Stanley Cuts Its Way To Profitability As Compensation Tumbles 27%

Compensation at the bank fell 27% in the fourth quarter to $3.7 billion

Morgan Stanley beats forecasts, girds for more cost cuts

Now Chief Executive James Gorman is focusing on ways to cut even more deeply, leaning on technology and increased outsourcing to cut another $1 billion in costs this year.

Morgan Stanley sees 2016 global recession risk as high as 20 percent

A global recession is loosely defined as growth below the roughly 2.5 percent needed for the world economy to keep up with an expanding population.

Morgan Stanley Heeds Investors With Cuts in Fixed-Income Division

The investor spoke on the condition of anonymity for fear of losing his access to the bank.

Goldman fills vacuum in leveraged buyout market with $8 billion fund

Goldman’s GS Mezzanine Partners VI fund has taken advantage of the vacuum to be one of the most aggressive financiers of leveraged buyouts.

Swedroe: Private Equity Not Worth Fees

He cites a recent disclosure by the California Public Employees’ Retirement System

Robert H.B. Baldwin, Who Led Morgan Stanley’s Growth, Dies at 95

The cause was pneumonia.

There is really only one area of investment banking you want to be in right now

Investment bankers working on mergers and acquisitions had an incredible 2015.

How Goldman Sachs' most senior execs unwind

The series of posts comes as the bank takes strides to improve work-life balance for its e

Jamie Dimon of JPMorgan Still Strong After 10 Years as Chief

Consequently, JPMorgan was able to invest in new branches and technology, including the introduction of new payments systems.

Citigroup’s New Office Plan: No Offices

The wall-less workspace is meant to flatten hierarchies, something banks have traditionally been built on.

There are 2 clear Wall Street winners in the year of the mega-deal

No other Wall Street bank cracked the $5 billion mark for investment-banking revenue.

How Brazil’s Top Investment Banker Built, and Lost, an Empire

André Esteves charged into government businesses to fuel growth at BTG Pactual; dealings feature in investigations

Nomura Said to Seek Stake in American Century for $1 Billion

The Japanese firm is seeking to expand its capabilities to sell products to pension funds and insurers, and enter private banking and retail markets in the U.S

This JPMorgan memo shows the bank is 'aggressively' investing in blockchain tech and robotics

Blockchain is a name for the software underpinning bitcoin that uses complex cryptography and distributed ledgers

First Financial Northwest, Inc. Announces the Passing of Director Kathleen Smythe, Ph.D.

Ms. Smythe passed away unexpectedly on Friday, December 11, 2015.

Jefferies fixed-income revenues plunge in bad signal for Wall St

Still, the read-across is not perfect; Jefferies’ annual revenues of $2.5bn make it less than a tenth of the size of Wall Street rivals like JPMorgan.

Webster Bank to take over most Citi branches in Boston

Webster, which has about $24 billion in assets, is set to announce on Friday that it will take over Citi’s leases and reopen the offices under its name in mid-January.

BofA's U.S. Stress-Test Resubmission Gets Clearance From Fed

All of Bank of America’s biggest competitors passed their test earlier this year, and the stakes for Moynihan, 56, were high.

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